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Semester 2

Applications of Econometrics (ECNM10056)

Subject

Economics

College

CAHSS

Credits

20

Normal Year Taken

3

Delivery Session Year

2023/2024

Pre-requisites

Visiting students must have completed the equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in: Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability & Statistics; and Introductory Econometrics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required at grade B or above.

Course Summary

This course is an intermediate-level Econometrics course, which extends the coverage of econometric techniques developed in Essentials of Econometrics. Emphasis is placed on applications in a variety of economic contexts.

Course Description

Applications of Econometrics (A of E) builds on the techniques developed in Essentials of Econometrics through a variety of economic applications. The course is divided into two parts. The first part, taught by Dr Jonas Cederlöf, will cover time series methods, focusing on regressions with trending variables, testing and correcting for serially correlated errors, as well as forecasting. The second part, taught by Dr Andreas Steinhauer, covers techniques for working with panel data, instrumental variables estimation, and limited dependent variable models. Applications include both instructions on how to employ these methods to data that are freely available and examining journal articles which use these methods. Students will have the opportunity to carry out their own empirical modelling and estimation, developing skills expected of contemporary economics graduates in a wide variety of contexts.

Assessment Information

Written Exam 80%, Coursework 20%, Practical Exam 0%

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